Bitcoin Thesis Could Break: VanEck CEO Hints At Exit If Quantum Tech Advances
According to recent reports, VanEck’s leadership has warned that rising quantum computing risks could force the firm to reduce or even exit its Bitcoin holdings. Related Reading: Top Bitcoin Bull Identifies Key Force Driving BTC’s Sharp Decline The firm’s CEO Jan van Eck said he would “walk away from Bitcoin if we think the thesis […]
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Anger toward JPMorgan spread quickly through social platforms this weekend after reports linked the bank to a policy change that could hit firms holding large chunks of Bitcoin. Related Reading: Bitcoin Thesis Could Break: VanEck CEO Hints At Exit If Quantum Tech Advances According to reports, MSCI — the index company formerly called Morgan Stanley […]
Quantum computing has become a durable risk narrative for Bitcoin. This week, Galaxy Digital head of research Alex Thorn sat down with Strategy executive chairman Michael Saylor addressing the issue, shortly after Saylor posted his own “Bitcoin Quantum Leap” thesis on X. “The Bitcoin Quantum Leap: Quantum computing won’t break Bitcoin—it will harden it. The […]
Some computer scientists say quantum computers are moving closer to reality and will cripple bitcoin’s encryption systems and doom bitcoin. Governments are investing aggressively in quantum computers, which are ultra powerful. Quantum computers, first theorized by physicist Richard Feynman in 1982, have promised a new era of computing. The theory has only recently translated into significant real-world advances, with NASA, the CIA and Google working on a quantum computer. Computer scientists now warn the machines will cripple existing encryption methods and destroy bitcoin’s technological....
In a livestream broadcast titled “Post-Quantum Cardano,” ADA founder Charles Hoskinson laid out a roadmap for making the blockchain quantum-resistant. His remarks come amid rapid developments in quantum computing hardware, including breakthroughs from Microsoft and other tech heavyweights, as well as newly released US government standards for post-quantum cryptography. Hoskinson opened the session by highlighting […]
Concerns over quantum computing are weighing on Bitcoin’s price and slowing some investment flows, amid a sharp divide between developers and many investors. Related Reading: UK Crypto Ownership Takes Biggest Hit Since 2021, Regulator Says Developers Call Threat Distant According to Bitcoin developer Adam Back of Blockstream, quantum machines remain far from able to break Bitcoin’s protections. He said the tech is still “ridiculously early” and that research hurdles persist. Back expects no real threat within the next decade and argued that even if parts of Bitcoin’s cryptography were....